Mutual of America Capital Management LLC Sells 290 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mutual of America Capital Management LLC reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,170 shares of the apparel retailer’s stock after selling 290 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lululemon Athletica were worth $3,845,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd boosted its holdings in Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Lululemon Athletica in the third quarter worth $79,503,000. Marshall Wace LLP boosted its stake in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock worth $61,084,000 after buying an additional 283,344 shares during the last quarter. Finally, Swedbank AB boosted its position in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after purchasing an additional 221,112 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LULU shares. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Thursday, July 25th. Barclays dropped their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. TD Securities upped their target price on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James reduced their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Finally, The Goldman Sachs Group downgraded Lululemon Athletica from a “buy” rating to a “neutral” rating and cut their price objective for the company from $463.00 to $286.00 in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $315.09 on Friday. The firm has a market capitalization of $38.69 billion, a P/E ratio of 24.35, a PEG ratio of 2.20 and a beta of 1.24. The company’s fifty day moving average price is $290.83 and its 200-day moving average price is $289.10. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.68 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.